| 4. Loss Per Share |
Basic loss per share excludes dilution and is
computed by dividing loss available to common shareholders by the weighted-average number of shares outstanding for the period.
Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock
were exercised or converted into common stock, except for periods when the Company reports a net loss because the inclusion of
such items would be antidilutive.
The following is a reconciliation of the amounts
used in calculating basic and diluted net loss per common share:
| |
|
Net Loss |
|
Shares |
|
Per Share Amount |
| Basic net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| three months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(57,238 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Diluted net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| three months ended September 30, 2016 |
|
$ |
(57,238 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| three months ended September 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(97,742 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Diluted net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| three months ended September 30, 2015 |
|
$ |
(97,742 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Net Loss |
|
|
|
Shares |
|
|
|
Per Share Amount |
|
| Basic net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| nine months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(413,265 |
) |
|
|
11,201,760 |
|
|
$ |
(0.04 |
) |
| Effect of dilutive stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Diluted net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| nine months ended September 30, 2016 |
|
$ |
(413,265 |
) |
|
|
11,201,760 |
|
|
$ |
(0.04 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| nine months ended September 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(278,222 |
) |
|
|
11,201,760 |
|
|
$ |
(0.02 |
) |
| Effect of dilutive stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Diluted net loss per common share for the |
|
|
|
|
|
|
|
|
|
|
|
|
| nine months ended September 30, 2015 |
|
$ |
(278,222 |
) |
|
|
11,201,760 |
|
|
$ |
(0.02 |
) |
|